A.V. Trans: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
A.V. Trans
Largest movements
- Tangible fixed assets +€177,018
new in 2026: €177,018
- Receivables within one year -€26,068
down €26,068 (-4.3%), from €608,208 to €582,140
of which Trade receivables: -€30,105
- Cash -€12,994
down €12,994 (-32.7%), from €39,678 to €26,684
mainly Investment in fixed assets (net) (-€215,141) and Net result for the year (-€74,347)
- Debts after one year +€197,752
up €197,752 (+73.8%), from €268,071 to €465,824
- Profit (loss) carried forward -€57,643
no longer reported in 2026 (was €57,643)
- Trade debts +€17,193
up €17,193 (+59.2%), from €29,047 to €46,240
- Reserves -€16,704
down €16,704 (-7.9%), from €212,226 to €195,522
of which Distributable reserves: -€16,704
- Staff costs +€54,406
up €54,406 (+29.4%), from €184,831 to €239,237
- Gross operating margin -€34,597
down €34,597 (-11.9%), from €290,095 to €255,498
- Other operating charges +€10,963
up €10,963 (+27.3%), from €40,101 to €51,064
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €654,364 | €790,623 | +€136,259 | +20.8% |
| Fixed assets | 21/28 | €143 | €177,161 | +€177,018 | +123,806% |
| Tangible fixed assets | 22/27 | - | €177,018 | +€177,018 | |
| Furniture and vehicles | 24 | - | €177,018 | +€177,018 | |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €654,221 | €613,461 | -€40,760 | -6.2% |
| Amounts receivable within one year | 40/41 | €608,208 | €582,140 | -€26,068 | -4.3% |
| Trade receivables | 40 | €536,233 | €506,127 | -€30,105 | -5.6% |
| Other amounts receivable | 41 | €71,975 | €76,013 | +€4,038 | +5.6% |
| Cash at bank and in hand | 54/58 | €39,678 | €26,684 | -€12,994 | -32.7% |
| Deferred charges and accrued income | 490/1 | €6,335 | €4,637 | -€1,698 | -26.8% |
| Total equity and liabilities | 10/49 | €654,364 | €790,623 | +€136,259 | +20.8% |
| Equity | 10/15 | €331,869 | €257,522 | -€74,347 | -22.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €212,226 | €195,522 | -€16,704 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €206,026 | €189,322 | -€16,704 | -8.1% |
| Profit (loss) carried forward | 14 | €57,643 | - | -€57,643 | |
| Amounts payable | 17/49 | €322,495 | €533,101 | +€210,606 | +65.3% |
| Amounts payable after more than one year | 17 | €268,071 | €465,824 | +€197,752 | +73.8% |
| Other amounts payable | 178/9 | €268,071 | €465,824 | +€197,752 | +73.8% |
| Amounts payable within one year | 42/48 | €54,424 | €67,278 | +€12,854 | +23.6% |
| Trade debts | 44 | €29,047 | €46,240 | +€17,193 | +59.2% |
| Suppliers | 440/4 | €29,047 | €46,240 | +€17,193 | +59.2% |
| Taxes, remuneration and social security | 45 | €25,376 | €21,037 | -€4,339 | -17.1% |
| Taxes | 450/3 | €573 | €631 | +€59 | +10.2% |
| Remuneration and social security | 454/9 | €24,804 | €20,406 | -€4,398 | -17.7% |
| Remuneration, social security and pensions | 62 | €184,831 | €239,237 | +€54,406 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,583 | €38,122 | -€461 | -1.2% |
| Other operating charges | 640/8 | €40,101 | €51,064 | +€10,963 | +27.3% |
| Gross operating margin | 9900 | €290,095 | €255,498 | -€34,597 | -11.9% |
| Operating profit (loss) | 9901 | €26,580 | -€72,925 | -€99,505 | |
| Financial charges | 65/66B | €1,408 | €1,422 | +€14 | +1.0% |
| Recurring financial charges | 65 | €1,408 | €1,422 | +€14 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €25,172 | -€74,347 | -€99,519 | |
| Profit (loss) for the period | 9904 | €25,172 | -€74,347 | -€99,519 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,172 | -€74,347 | -€99,519 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.